Nm increase rent 2025

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  1. Click ‘Get Form’ to open the nm increase rent document in the editor.
  2. Begin by entering the tenant's name(s) in the designated field at the top of the form. This ensures that the notice is correctly addressed.
  3. Next, fill in the address of the leased premises where indicated. Accurate information here is crucial for legal clarity.
  4. In the section stating 'the rent shall hereby increase to $_____', input the new rental amount effective from the next rental period.
  5. Complete the date fields at the bottom of the form, including when this notice is signed and delivered.
  6. Finally, ensure that you sign as Landlord/Lessor or authorized agent, and provide your printed name and capacity.

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Like most of New Mexico, Albuquerque is facing a housing shortage that has pushed rents to all-time highs. The citys rents have risen 65% since the start of 2017, while Santa Fe Countys rents have spiked 73%double the increase nationwide.
For periodic tenancies, the maximum allowable increase is once every 12 months. The Act outlines that landlords must provide at least 60 days notice for rent increases in these cases. However, it is important to note that there is no specific percentage cap for periodic tenancies.
No, rent cannot be increased during a fixed-term lease in Illinois unless the lease says so. The rent stays the same until the lease ends. After the lease ends, the landlord can raise the rent, but only after giving proper notice before the new lease begins.
Historical rent increases YearRent increase limit 2025 3% 2024 3.5% 2023 2% 2022 1.5%20 more rows Aug 26, 2025
Illinois does not have a rent control law. Therefore, your landlord can raise your rent as much as he/she deems necessary. However, you should contact your local units of government to see if your city or county has a rent control ordinance.
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In New Mexico, there are no state-specific rent control laws limiting how much a landlord can increase rent. Landlords must provide a 30-day notice for rent increases on month-to-month leases, and rent cannot be increased during a fixed-term lease unless specifically allowed by the lease terms.

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